LGT's Profit Sense

Recognizing Revenue in Not-for-Profits: The Effects of ASU 2018-08

Posted by Lucas LaChance, CPA, CIA on Jul 3, 2019
Recognizing Revenue in Not-for-Profits: The Effects of ASU 2018-08

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU affected predominantly all...

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Topics: Not-for-Profit, Revenue Recognition

Third-Party Health Care Settlements under the New Revenue Recognition Standard

Posted by LGT Staff on Apr 29, 2019
Third-Party Health Care Settlements under the New Revenue Recognition Standard

The changes in revenue recognition present two major issues. In this month's article, Maria will address the first issue. Next month she will complete this two part series.

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Topics: Healthcare, medical, Revenue Recognition

A Brief Q & A with Lance Trammell

Posted by Lance Trammell, CPA on Feb 28, 2019
A Brief Q & A with Lance Trammell

Over the last six months our Construction Industry team here at Lane Gorman Trubitt has been working on producing an informative video series covering the new revenue recognition guidance and how it...

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Topics: Real Estate, Construction, Financial Accounting Standards Board, Revenue Recognition, FASB
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